The EUR/USD remains in triangle marked by support (green) and resistance (red) after completing 5 bearish waves down (brown). There is now a decent chance for a wave 2 (green) pullback or alternatively a wave B retracement.
The EUR/USD is showing bullish price action at the moment, which still has a major resistance zone above it (red trend line and 1.1250 round level). A break above the resistance could indicate the potential for price to make a larger bullish correction whe
The EUR/USD remains in a bearish trend as long as price stays below the broken support (green) and resistance line (red). The next major support level is the 61.8% Fib target and the 1.10 psychological round level.